The week in pharma: action, reaction and insight – week to December 6
By Barbara Obstoj-Cardwell. Editor
Deal-making featured strongly among last week’s news, first with PCT Therapeutics inking an up to 2.9 billion collaboration with Swiss pharma giant Novartis on its PTC518 program for Huntington’s disease. Dutch firm Merus entered a licensing deal with Partner Therapeutics on the development of zenocutuzumab. Japan’s Takeda announced a deal with Keros Therapeutics for the development of myelofibrosis candidate elritercept. Also of note, Merus scored a first with US Food and Drug Administration (FDA) approval for its Bizengri for lung cancer.
Novartis deal for PTC518 in HD bolsters PTC Therapeutics' balance sheet,
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